Loss of 30 thousand billions of stock exchange industries in the 1402 budget – Tejaratnews
According to Tejarat News, it has been a few days since the next year’s budget was submitted to the parliament. This budget had a lot of changes compared to last year, and most of these changes cost the stock market.
In one of the paragraphs of the next year’s budget, it has been decided that the price of petrochemical feed will reach 7 thousand tomans; This ceiling was 5 thousand tomans last year. Therefore, according to the formula of 40% of steel industry, the gas rate for this industry will be equal to 2800 Tomans.
The increase in the feed rate has become one of the problems of the capital market, and we will probably face a decrease in the profitability of industries next year due to this issue.
During the war between Russia and Ukraine, the amount of gas supply decreased, and the result was the growth of gas prices in the European hub and an increase of more than 100% in the price of petrochemical feed gas.
This increase in gas prices went so far that in the fall of 1400, the profit margin of methanol producers reached less than 40% and now it is in the range of 15-20%, which means a deep disaster for the industries.
Based on the budget of 1402, the feed rate of petrochemicals has increased by 40%, and according to experts, this will cause a loss of about 20 to 30 hemets to the stock market industries.
Examining the statements shows that most petrochemicals blame the loss on the feed rate and consider the gas price increase as a natural process. Of course, apart from petrochemicals, the cement industry will also suffer due to the use of gas.
What is the feed rate formula?
According to the formula, each cubic meter of gas is 40 cents, which means about 18 thousand tomans; Of course, due to the 5 thousand Toman ceiling, this 11 thousand Toman limit has not been applied.
According to statistics, the feed rate of petrochemicals has increased by 40% to 7 thousand tomans, and petrochemicals have to pay all this amount from next year.
After the publication of the 1402 budget, the Association of Petrochemical Industries and stock market activists had many protests against this rate and finally announced that the European hub index should be removed and the rates approved in the country should be used. In this case, the rate of industrial gas will reach from about 40 to about 11.5 cents, and this means that industrial gas will be much cheaper than the numbers announced in the next year’s budget.
Is the feed rate of petrochemicals expensive?
Seyyed Hamid Hosseini, the spokesman of the Union of Oil, Gas and Petrochemical Industry and Trade Exporters, evaluated the price considered for the gas feed of petrochemicals and stated: It is better to compare the feed rate of petrochemicals with European consumer countries, and compare this rate with other industries as well. let’s compare. Besides petrochemicals, we have other industries that consume about 60 million cubic meters of gas, but petrochemicals receive 10 times more expensive gas.
He went on to say to Farda Ekhtaz: America, which imported crude oil until 2008, is becoming Iran’s competitor in the petrochemical industry. The current rate of petrochemical feed, along with problems related to embargo, transportation and money transfer costs, and other such things, have caused us to lose our competitive advantage in the market.
Does the price of food cause the loss of industries?
The price of feed for industries is always a problem for industries, and this problem became worse in the budget of 1402, and the price of feed from 5 thousand tomans increased by 40% to 7 thousand tomans.
Currently, industries are suffering heavy losses due to sanctions, gas and electricity cuts, and the like, which will increase if the feed rate increases this year.
Last year, industries suffered losses due to the increase in food prices, and this loss is likely to increase in 1402, and we will witness the loss of these industries in the stock market.
Does the dollar help industries?
Saeed Amirshakarmi, a capital market expert, said in a conversation with Tejarat News: “The gas feed rate of petrochemicals is supposed to reach 7 thousand tomans. During the last two years, the European gas rate was applied in the feed rate formula of petrochemical companies, and the country’s petrochemical industry has faced a problem and the process of making profits in industries has turned into loss making.
Referring to the losses of methanol companies, he said: “Methanol companies such as Fanavaran, Zagros and Khark have faced severe losses in the last two years due to the change in the feed rate, and with the increase in the feed rate, the losses of the industries will probably multiply.”
This capital market expert said about the dollar: “If the feed rate does not change and is still calculated with last year’s price; An increase in the dollar rate can help reduce the losses of industries, because most of these companies are export-oriented, and an increase in the price of the dollar can reduce losses and make industries profitable.
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